The U.S. dollar is near a three-month low, with traders growing convinced that the Federal Reserve has completed its rate-hiking cycle. Traders are awaiting key inflation data, including the personal consumption expenditures price index, expected to have risen 0.1% in November. European consumer confidence data showed a slight improvement, while ECB President Christine Lagarde emphasized the need to remain attentive to inflation forces. In Asia, the yen edged higher ahead of inflation data from the United States, as well as industrial production and retail sales readings from Japan.

Dollar Near Low Amid Inflation Data